Common use of The Development Clause in Contracts

The Development. 10.1 It is recorded that : 10.1.1 The development will be developed on a phased basis; 10.1.2 In terms of the articles of association of the home owners’ association, the Seller has the right to extend or alter the area or composition of the development by requiring the home owners’ association to incorporate into the development any adjacent land, and/or any property acquired by the Seller from time to time which the Seller shall be entitled to develop as it may deem fit; 10.1.3 Should any part of the said xxxxx be incorporated into the development the Seller shall be entitled to require that all owners of the incorporated xxxxx and their successors in title become members of the home owners’ association in respect of that part and from such date as the Seller may determine, and on the same terms and conditions as are applicable to the other members of the home owners’ association; and 10.2 The Seller intends to develop and market the development in phases as the Seller deems fit and for as long as necessary. The Seller shall enjoy unrestricted rights with regard to the marketing of the development and in particular, the right to have a sales office and erect signage within the development in its sole discretion.

The Development. 10.1 It is recorded that : 10.1.1 The development will be developed on a phased basis; 10.1.2 In terms of the articles of association of the home ownersHome Owners’ associationAssociation, the Seller has the right to extend or alter the area or composition of the development by requiring the home ownersHome Owners’ association Association to incorporate into the development any adjacent land, and/or any property Property acquired by the Seller from time to time which the Seller shall be entitled to develop as it may deem fit; 10.1.3 Should any part of the said xxxxx be incorporated into the development the Seller shall be entitled to require that all owners of the incorporated xxxxx and their successors in title become members of the home ownersHome Owners’ association Association in respect of that part and from such date as the Seller may determine, and on the same terms and conditions as are applicable to the other members of the home ownersHome Owners’ associationAssociation; and 10.2 The Seller intends to develop and market the development in phases as the Seller deems fit and for as long as necessary. The Seller shall enjoy unrestricted rights with regard to the marketing of the development and in particular, the right to have a sales office and erect signage within the development in its sole discretion.